Central Bank: Reduce The Deposit Reserve Ratio By 0.5 Percentage Points

After the State Council executive meeting released the signal of lowering the signal, the market is expected to be more relaxed. A number of economists said on the program that the probability of a drop in September is very high, and that the fastest weekend will come out. And today (September 6th), in the evening, the drop is sure to come. The central bank announced that in order to support the development of the real economy and reduce the actual cost of social financing, the central bank decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points in September 16th. In addition, in order to promote the support for small and micro enterprises and private enterprises, and then increase the percentage of the urban commercial banks operating in the provincial administrative region only, 1 percentage points will be cut down, which will be implemented two times in October 15th and November 15th, with a reduction of 0.5 percentage points each time.